A Fort McMurray lawyer is calling on insurance companies to extend their deadlines to settle wildfire insurance claims.
May 2 will mark two years since the wildfire reached Fort McMurray. Causing $3.56 billion in damage, the Insurance Bureau of Canada considers it the costliest insured disaster in Canadian history.
Many insurance policies have a two-year window within which claims must be settled, otherwise policyholders cannot take insurers to court.
- Fewer than 10 per cent of Fort McMurray homes destroyed by wildfire have been rebuilt
- ‘A lot of learning to do’: Wawanesa Insurance on Fort McMurray wildfire response
- Fort McMurray residents claim ‘nightmare’ dealing with insurance
“This is a unique situation. This is not just a one-off or 10 houses being built,” said lawyer Terrence Cooper, whose practice has been inundated with requests for help with insurance claims.
He said he’s seen clients whose insurers have been proactive in offering extensions and he’s calling on all companies to do the same.
“We’re actually seeing a little bit of a panic out there right now,” Cooper said.
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